Apollon Wealth Management LLC Lowers Stock Position in AutoZone, Inc. (NYSE:AZO)

Apollon Wealth Management LLC decreased its position in AutoZone, Inc. (NYSE:AZO) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187 shares of the company’s stock after selling 4 shares during the period. Apollon Wealth Management LLC’s holdings in AutoZone were worth $599,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. International Assets Investment Management LLC raised its holdings in AutoZone by 354,692.5% in the 3rd quarter. International Assets Investment Management LLC now owns 993,419 shares of the company’s stock worth $31,293,100,000 after purchasing an additional 993,139 shares during the period. Geode Capital Management LLC raised its stake in shares of AutoZone by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 421,716 shares of the company’s stock worth $1,326,545,000 after buying an additional 7,365 shares during the period. Marshfield Associates lifted its position in shares of AutoZone by 0.5% during the 3rd quarter. Marshfield Associates now owns 169,586 shares of the company’s stock valued at $534,204,000 after buying an additional 796 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in AutoZone in the 4th quarter valued at $471,629,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in AutoZone by 0.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 104,665 shares of the company’s stock worth $329,699,000 after acquiring an additional 466 shares in the last quarter. Institutional investors and hedge funds own 92.74% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Evercore ISI upped their price target on shares of AutoZone from $3,400.00 to $3,450.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company increased their target price on AutoZone from $3,450.00 to $3,750.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Truist Financial lifted their price target on AutoZone from $3,501.00 to $3,753.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Barclays increased their price objective on AutoZone from $3,024.00 to $3,585.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Guggenheim raised their price objective on AutoZone from $3,350.00 to $3,750.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3,429.84.

AutoZone Trading Down 0.3 %

NYSE AZO opened at $3,435.93 on Thursday. The stock has a market cap of $57.65 billion, a PE ratio of 22.96, a P/E/G ratio of 1.92 and a beta of 0.70. AutoZone, Inc. has a twelve month low of $2,680.96 and a twelve month high of $3,484.42. The stock has a fifty day simple moving average of $3,302.29 and a 200-day simple moving average of $3,190.70.

AutoZone (NYSE:AZO) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing analysts’ consensus estimates of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the prior year, the business earned $32.55 earnings per share. AutoZone’s revenue was up 2.1% on a year-over-year basis. Research analysts predict that AutoZone, Inc. will post 152.94 EPS for the current year.

AutoZone Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.